overdone. the s&p 500 is up half a percent as is the nasdaq kpos sit. >> have a great weekend. street signs begins now. >> stocks may go higher forever, but we doubt it. so we're leading this hour with our correction protection. everyone in the world are on facebook. so why is it one of the worst performing stocks this year.

>> it has jumped to nearly 9%, outperforming all the other major indexs. founded by brokers meeting under a tree. >> the big story today. we have one of the hottest ipos.

it's pretty simple. three or four days ago. 23, 24, 25. i talked to the ceo and he siz his company makes it easy nor any company to analyze their own information. >> if you have got a pizza delivery service and how it's shaking out, they can analyze it. it's perfectly scaleable. for the week and for the day it's the same story, folks. cyclicals.

>> thanks very much. >> based on the price, he is a very rich man but we will skip that. >> you have got some of the street's smartest money with us to talk correction protection. >> we were talking about what we do with our money. it's all we're allowed to do. you have recently allowed some changes to your 401(k) plan. what have you done? >> i decided i wanted to take some of the profits. it is part of two things i have.

we don't have many selections and i put it in -- it's not a money market fund. so i did that at the same time for correction protection. i actually took my grizzly short fund. i can only own mutual funds so this is a short selling mutual fund. i have started buying more so it will get to 15% of the stock portion of my ira. i sold most of it after the crash is now its lowest level ever. >> so a little bit of reshuffling and rebalancing. if you don't mind me asking, what else would you advise they do? >> i think he has good commentary on this.

what i have advised my clients is not to abandon the defensive sectors that have outperformed year to date. when we start to have a correction which is it will soon be upon us. when we have it, you shouldn't abandon the defensive sector. the materials have started to do better and outperform.

>> we look at jobless claims as surprising. we could look at all of the sudden a housing recovery slow down. it really depends. it's difficult to predict. i think the market has run very, very nicely. while taking advantage of tactical strategy. what are you recommending? what are you doing right now? apparently he's not doing much because we can't hear him. did you shut off his audio? >> there are things you have to do now. i went out and actually, he has

been talking about the vgk. there is one other thing. if you think there is going be a connection, it becomes an opportunity. >> we digress. a lot depends on how old you are. i'm not picking on you. i'm saying as a 41-year-old, my goals and risk tolerance is going to be different than you. and nbc universal. it's still 100% equities. >> as someone who will be 61 in three weeks what i make sure is that we all have a good yield.

i'm also looking for yield in the equation. >> we have got robert back up and running. why don't you come on to the conversation as well. people have different time frames. thank you very trying. thank you very much for your commentary as well. in the meantime, gold is down nearly 7% in the past seven sessions. how much of this is due to a strong dollar? >> a lot of it is to do with a strong dollar. this is the longest losing

streak we have seen in the last four years. there is considerable weak sentiment. watching next wednesday as well. it is somewhat significant but more is that the lows of the day and the fact that we are looking at lows next week could be what we saw in april. that is something that traders will be watching for the week ahead. >> thank you very much. why is facebook one of the worst performing stocks this year? we are going to explain using puppets. >> and, later on, the $190 million mansion. we will take you inside america's most expensive home right now.

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>> so, in honor of facebook's ipo anniversary, we decided to take a humorous look at some of the funny tweets that just poke fun at facebook brought to life by the cnbc digital workshop and

puppets. yeah. puppets. >> each fall young bankers move from the halls of their schools to wall street. they make more money than you. they think they're better than you and they're not afraid to show it. these are their stories. overheard in the elevator. >> excuse me. excuse me. excuse me. >> either facebook sucks or my friends suck. >> the puppets can hear you. >> facebook is the worst performing stock since its ipo a

year ago. how come? ken, you go first because you're here on set. your take on facebook. how is facebook doing in that regard? are they gaining share? as we looked at it this week we published a report on this, the answer was inconclusive. where it does not have the scale it is not necessarily growing faster than a lot of the newer players. i would say that does raise a certain flag for us or some concern. >> exactly. your price tag as well. here is the thing.

sorry. >> from a year ago, but yes. the current one. >> the current one. $26. here is the thing. you have been brought in as the facebook bull. $38? that's still only an ipo price right? >> uh-huh. >> pretty depressing. >> we're more optimistic we share some of the same concerns about what is going on with the flat form. but near term next 12 months we're more optimistic. teamed up for facebook's five most miserable moments. take a look. >> facebook doesn't have a

dislike button but this past year might have been a good time to test one out. >> wrong car. >> when the opening bell finally rang all seemed well. the music was inspiring. until -- >> it's been the story of the day as we knew it would be but it's not the kind of story we were expecting. >> it suddenly all turned around. just kidding. it got worse. >> the stock below the $20 a share mark. >> you have a young man that you would never hire to be the head of a public company. >> while mark was getting pummelled, his sister decided to air her confusion about facebook's privacy settings and talked about it on twitter. but then it all got better. just kidding. the only thing worse than having enemies is having two twin enemies that look amazing on camera and are named winkleloss.

the stock has slowly climbed back and i will probably be sharing this on facebook. happy ipoversary, facebook. >> the use is through the roof. >> how do we define engagement? i was on facebook and it was neat and i looked at ads. i didn't click on one. how do they actually make money from people?

just looking at something doesn't mean you're monetizing. >> even if you don't look at the ad they can charge you for showing that ad. as you flip through and shoot past some of those ads, they still get paid on that. oog google is at 50 dlst. it will never get close to google. major advertisers are really learning how to advertise. >> click through is .001 p%? >> the brand advertising market is actually much larger than the direct advertising market. you believe brand advertising has a future you have to believe that the company is going to figure it out. >> to what degree is the fisback experience put off other social

media what should they learn? >> i think one thing that is clear is that not all social is the same. linked in is done extremely well as a stock. and i think the difference maybe between linked in and facebook is we understand the power of social and we're all drawing from the communication but that doesn't mean that there is a marketplace that exists. there is no social. this is what the internet is. a bunch of people looking at stuff. which is effectively what tv was. tv hours viewed are up. people are not leaving tv. >> when you look at the proportion of youth on facebook, it is word of mouth. if you believe that word of

mouth marketing is going to continue to be something, that is effectively what facebook is. >> but if you look at advertising and brands communicating what their products do, facebook allows for that platform more than television ever did. >> do you think facebook will be around in five or ten years? >> absolutely. how relevant they are going to be? will there be other forms of social that will take share from them? that's the better question. >> thank you all for weighing in. >> up next. the housing expert who says we are in the calm before a really big development storm. >> plus america's most honest athlete. have no fear. a new product that could soon be

in your bathroom. stick around. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side.

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>> we have been talking about the apartment building boom for quite a while now. this week we're getting first real signs of it. >> singing family housing is coming wac. but rental apartments are about to boom? and here is why. for april survey, the client showed positive gains in occupancy and rents.

and finally more than half of those who do move are moving to other rental apartments. only about a third are buying homes which was a drop from previous reports while 10% are moving to single family rentals. and that's making for what he calls an exceptionally competitive market. other analysts say this makes them a good buy because the funtmentals are still strong. >> ken, you know, what's to be said about housing at this

point? things have certainly recovered. what's your take? your advice? >> exactly right. we have 65% of americans are homeowners.

>> we will get you the name those things next time. the mouse and tractor edition of street talk on the way. and we threw in one stock that got at least eight downgrades today. >> ouch. and also america's most expensive mansion. is it worth the mind blowing price tag? you will have to find out when street signs comes back. tdd#: 1-800-345-2550 opportunities are waiting to be found in faraway places.

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on theç facts. what is the affect of it. if we eliminate this deduction? it's numbers. i's facts. >> here is a difference that is not quite so helpful. back when they were doing their thing, chairman of different parties could make a deal even if party leaders got uncomfortable with it. now not so much. >> there are changes. the nation has evolved. when do you expect to have a

product to show the country and get it? >> it's very difficult to predict that. you don't really know. i'm going to try to get something out of the committee this year. >> will you have a finance committee product passed by the end of 2013? >> probably. and that's not bad. >> just this afternoon, guys, the treasury secretary has sent out a letter to congress saying that he is taking extraordinary d8maybe in november.hat. >> john howard, thank you so much for that. >> i know john is a big baseball fan so maybe he will listen to this story.

san francisco giants reliever revealed that in 2010, he was accidentally overpaid by a half a million bucks. what did he do? he returned the unearned cash to his bosses. his good deed and good stats paid off last year. he signed a three-year 18 million $deal with the giants. >> honesty is best. why in the age of the greedy athlete? why do you say that? >> we see contract negotiations and lightning bolts on helmets and the guys, they signed a bunch of them. you're still talking about making millions of dollars or hundreds of thousands of dollars. i think the american sports fan would agree with the assessment of the greedy athlete. >> yes.

>> no one complains about it. >> it goes to show when there is a good deed like this it gets noticed. good for him. >> the number one company in massachusetts could not be more of a sign of the times. plus, the fungus that could raise the price of yourç morni coffee. >> but first, what is coming up in the closing bell scott? >> thanks so much. two big hours are ahead on the bell. how the banks will be impacted as well. also on the one-year anniversary of the ipo flop we will hear from one investor say he wouldn't touch this stock with a ten foot pole. instead of facebook a year ago they have a profit of 60% to find out if the airlines can sore higher. i hope he saved enough. who matters most to you says the most about you. at massmutual we're owned by our policyowners,

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>> that facebook segment got us thinking about paying for facebook. we throw together a very quick street poll during this commercial break. is there any function or feature of facebook that you would be willing to pay for? you can tweet me or mandy.

send a smoke signal. whatever it is. i don't know. >> i would probably put my money. you know? >> you always wonder who it is to.ç >> it could make you a little pair noid. the whole ads on the screen thing is tough. >> like the airlines find a way to charge you for pretty much everything. >> can't go to the men's room.

you can't go to the men's room without staring at something on the wall. i'm not talking about ads. we are revealing the top five companies of the pubically traded list. that's how companies that we have become very familiar with over the past. filming their documentary on the rise of the ar-15. is ate general mixed reaction? they are fast growing and employ a lot of people and a very controversial industry.

>> gun control and rights, you get a reaction instantly when they come up and this is certainly no exception. >> ifç you look at smith and wesson, you can gauge, i guess, based on reaction to your readers, how is this viewed as a massachusetts company? how about that? >> a lot of people think of that being a western massachusetts company. i don't think people in greater boston think that much of smith & wesson. >> it is amazing the fact that you say this year, back in 2010, and also 2011, could not get enough to make a handle. what does that say about the climate out there?

>> you have to be profitable in each of the previous two years. when we went through the resection, keep in mind each year's magazine measures the previous year's performance. we got back to 100 again last ye yearer. >> talk about a full-time grade. the pharmaceuticals which was a top company. didn't mace it for the 100. it happens. >> that's an indication of how volatile the pharmaceutical is. they made a lot of dough for a

couple of years. it also reorganized their contractual arrangement. and they lost money and they were not eligible this last year. >> thank you very much for joining us. is there any function of facebook that you would pay for? i would pay to be able to see my mother in law but block her. >> keep it coming, by the way. >> keep it coming in. yeah. >> there you go. >> okay. a lot of stuff about blocking ads. isn't that the greatest irony? they will make more money blocking ads. >> the irony. >> still ahead, the ceo of

abercrombie & fitch apologizes. you can be the judgeç on this one. >> and move over starbucks. we're going to tell you about a morning tool known as a toothbrush that may become more caffeinated than your coffee. a real story. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ all stations come over to mithis is for real this time.. step seven point two one two. verify and lock. command is locked. five seconds.

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>> remember cool kid gate back in 2006 about only wanting to go after the cool kid market. most interpret that to mean skinny kid market. because abercrombie & fitch doesn't sell xl sizes for girls. he said i sincerely regret that my choice of words was interpreted in a manner that has caused offense. we care about the broader community in which we -- >> make mention of the fact that they are an aspirational brand

and say that we hire good people who share these values. >> i got no problem with it. if they want to sell only smalls that is their business. their store is called tall and fat? right? same thing. sell whatev whatever you want. if you don't have any customers, change your strategy. if it's working, it's working. >> and seems to be working for them. >> the morning after, the ceo had to address shareholders at the company'sall meeting in plano, texas. but despite the controvp)sy surrounding the retailer, shareholders seem to be offering patience for ceo mike ullman, at least for now. courtney reagan was there. what was the mood like in there? >> reporter: so, mandy, the meeting was actually held behind me. it's the company's home office here in plano, texas, and there are only about 11 rows or so of chairs. flood actually very calm. weren't a lot of shareholders that showed up. i mean, a shareholder of shareholders, really most of the attendees were employees. only four questions were asked.

actually, three, because one was more really of a comment. all of them welcomed back mike ullman and they seemed to really be offering him some patience. ullman started out the meeting by basically talking to the shareholders, telling them what he told analysts on the earnings call yesterday, his strategy going forward, trying to reconnect with the customer, bringing back some of those beloved private label vendors. we know that st. john's bay is already 50% back and the shareholders seemed to really like that message. he showed the apology ad and the thank you ad. and while he wouldn't quantify it, he said he was encouraged by the response that he saw. he said customer surveys indicated double-digit increase in customers' willingness to give jcpenney another consideration after seeing those ads. it was quite interesting in there, no protests, no one seemed very upset, they all welcomed him back and liked the message. they said, we like the intermediary goals, at least for now, and we hope that we can ,t.

>> courtney, thanks very much for summarizing that. i also know there was quality assurance as well with regard to the tragedy in bangladesh, because i know their joe fresh product is manufactured in bangladesh. though a bit off its recent lows, coffee well down from a year ago, about $1.35 a pound whole saed, so how much more are companies like dunkin' donuts and starbucks making. this has got to be pure profit for starbucks, no? >> oh, it is. it is across the board for all the coffee vendors. good for them. sometimes this kind of market really helps those kind of products get rolling. and i think unless we have like a weather problem at all, you know, these markets are going to stay lower. you know, even though we had a little bit of an issue with a fungus in the crop, reducing it by about 16%, but even with

that, the markets are still going to stay lower. we're in a channel right now. >> is the fungus problem going to continue? is that something that could push prices back up? >> possibly. i think the idea of it was going to. it has reduced the production by about 16%, however, overall, it's really good. right now we're in the harvest for brazil. so that also will put pressure on the market, unless it, you know, it really is more of a weather thing here for the united states, for the northern 5ñ they're coming into summer, let's take a look and see what happens there. right now, there's a little bit of posturing going on. the markets should get a little bit of a boost, but we're in a channel. we may just be towards the higher level of the channel, but still overall, the past five years, we're still on the low side. >> indeed. one-year performance for coffee down, 24%. thank you so much, virginia. well, forget coffee, because there could soon be a new way to get your shot of caffeine in the

morning. call good faiolgate has filed aa toothbrush that has a built-in caffeine patch. the fda probably has something to say about this. >> i'm sure they'll have something to say about this. i'm sure we'll never see the light of day. we have this toothpaste will not only dispense caffeine, but aspirin and medicines and stuff like that. you've got to file the patent, because you don't know what somebody else is going to do, but it's just ludicrous! >> the rapper? >> no. >> do you know who that is? >> no. >> but you laughed like you did. >> because, cryou, my friend, p me in that great position. >> i want to back up, getting back on track here, you mentioned all the other potential application here, getting their daily dose of caffeine, but also administering drugs like aspirin or whatever else people need to take. but also, this is a fantastic idea, the potential forç administering an appetite

suppressant for these toothbrushes. the sky's the limit in terms of applications. >> but when you get into dosing issues, that's where the fda would come in. how can you actually dose that the same way? you have a patch on your skin that can do dosing. dosing is an advanced thing. >> and the kids could get ahold of the toothbrushes as well. >> because kids today don't ingest any caffeine or sugar. >> coming up next, inside america's most expensive homes. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon.

that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs. spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you. all your important legal matters in just minutes. protect your family... and launch your dreams. at legalzoom.com we put the law on your side.

lotto fever, guys, lotto fever. tomorrow night's powerball jackpot is worth a cool $500 million. it's the third largest in the game's history. >> if you win, do you know what you could buy with that money? the most expensive home to hit the market in all of america, and it's not owned by a spelling. it's a $190 million, it's in greenwich, connecticut. where else? what makes a home worth $190 million? >> one thing, and i will tell you if you stay tuned. the property is called copper beach farm. but there aren't many farms like this one. it's 50 acres, and that's the key, of waterfront in posh greenwich, connecticut. that, of course, is home to the billionaire hedge funders like

bill cohen. copper beach has tennis courts, 400 feet of water frontage, plus you get two islands. the house is a 12-bedroom victorian with 15,000 square feet of living space. and the home built in 1896 needs a little bit of work. the main kitchen is still in the basement, so why would anyone pay $190 million for a fixer upper? well, it's the land. the land inç greenwich can easy top $3 million to $4 million an acre, especially on the water. david ogleby says the best use of copper beach is as a single estate, but the developer could chop it up into 10 or 20 mini estates that could all sell for far more than 190 million. it's still a very aggressive price. the most expensive home ever sold in greenwich sold for $45 million. the old helmsley state eventually sold for $35 million. we'll see if the most expensive home listed becomes the most expensive home ever sold.

>> and will it ever get sold? a lot of these properties either don't sell or sell for a whole lot less. >> it's great marketing. put a hundred plus, you're bound to get some press. but this property is a huge amount of acreage in a very special place. >> i looked up the property taxes. $150,000 a year. thanks for watching "street signs," everybody. >> "closing bell" is next. have a good weekend. blnk. hi, everybody. we're into the final stretch. welcome to the "closing bell." special edition of the "closing bell." i'm maria bartiromo today coming to you live from the trading floor of credit suisse in new york city. >> i'm scott wapner at the new york stock exchange. bill griffeth is back on çmond. and coming up today, the rally that won't quit isn't quitting, not today, at least so far. the dow posed for its fourth consecutive winning week as